PIMCO High Yield Municipal Bond Fund (PHMIX)
The fund invests at least 80% of its assets in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax ("Municipal Bonds"). It may invest, without limitation, in higher rated Municipal Bonds. The fund may invest up to 30% of its assets in "private activity" bonds whose interest is a tax-preference item for purposes of the federal alternative minimum tax ("AMT").
Fund Info
US72201F6723
Jul 30, 2006
$1,000,000
Expense Ratio
PHMIX has an expense ratio of 0.55%, placing it in the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PIMCO High Yield Municipal Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
PIMCO High Yield Municipal Bond Fund (PHMIX) returned -1.34% year-to-date (YTD) and 1.81% over the past 12 months. Over the past 10 years, PHMIX returned 3.67% annually, underperforming the S&P 500 benchmark at 10.45%.
PHMIX
-1.34%
2.73%
-1.77%
1.81%
2.71%
3.67%
^GSPC (Benchmark)
-3.77%
3.72%
-5.60%
8.55%
14.11%
10.45%
Monthly Returns
The table below presents the monthly returns of PHMIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.60% | 1.40% | -1.77% | -1.31% | -0.24% | -1.34% | |||||||
| 2024 | 0.38% | 0.63% | 0.39% | -1.26% | 0.66% | 1.91% | 1.20% | 0.76% | 1.41% | -1.36% | 1.66% | -1.84% | 4.56% |
| 2023 | 3.69% | -2.46% | 1.65% | 0.74% | -0.44% | 1.41% | 0.13% | -0.91% | -2.98% | -1.98% | 7.03% | 3.21% | 8.98% |
| 2022 | -2.52% | -0.79% | -3.54% | -3.32% | 1.35% | -3.18% | 3.52% | -2.26% | -5.46% | -2.11% | 5.50% | -0.63% | -13.11% |
| 2021 | 1.53% | -1.43% | 0.75% | 1.39% | 1.04% | 1.26% | 1.15% | -0.37% | -0.76% | -0.45% | 1.37% | -0.88% | 4.63% |
| 2020 | 2.11% | 2.46% | -7.70% | -2.93% | 3.38% | 3.15% | 2.21% | -0.09% | -0.16% | -0.16% | 2.49% | 1.30% | 5.63% |
| 2019 | 0.57% | 1.02% | 2.25% | 0.79% | 1.68% | 0.30% | 0.74% | 2.36% | -0.36% | -0.11% | 0.32% | 0.19% | 10.15% |
| 2018 | -0.54% | -0.20% | 0.60% | 0.24% | 1.57% | 0.37% | 0.66% | 0.37% | -0.47% | -1.33% | 0.15% | 0.70% | 2.12% |
| 2017 | 0.70% | 1.50% | 0.96% | 1.25% | 1.61% | 0.07% | 0.57% | 1.35% | -0.31% | -0.10% | 0.25% | 1.59% | 9.82% |
| 2016 | 1.33% | 0.45% | 1.11% | 1.22% | 0.86% | 2.31% | 0.22% | 0.55% | -0.20% | -1.54% | -4.96% | 1.09% | 2.27% |
| 2015 | 2.35% | -0.99% | 0.48% | 0.02% | -0.55% | -0.25% | 0.41% | 0.24% | 1.43% | 1.16% | 0.78% | 1.13% | 6.35% |
| 2014 | 2.63% | 1.47% | 0.60% | 1.54% | 1.77% | -0.21% | -0.09% | 1.56% | 0.26% | 0.99% | 0.59% | 0.77% | 12.51% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PHMIX is 42, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PIMCO High Yield Municipal Bond Fund (PHMIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PIMCO High Yield Municipal Bond Fund provided a 4.19% dividend yield over the last twelve months, with an annual payout of $0.35 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.39 | $0.40 | $0.37 | $0.38 | $0.35 | $0.38 | $0.39 | $0.38 | $0.36 | $0.39 | $0.39 |
Dividend yield | 4.19% | 4.59% | 4.70% | 4.50% | 3.84% | 3.60% | 4.06% | 4.38% | 4.21% | 4.13% | 4.47% | 4.51% |
Monthly Dividends
The table displays the monthly dividend distributions for PIMCO High Yield Municipal Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.09 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2023 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.40 |
| 2022 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.37 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.13 | $0.38 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.08 | $0.35 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.38 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.39 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.39 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.05 | $0.39 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the PIMCO High Yield Municipal Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PIMCO High Yield Municipal Bond Fund was 35.54%, occurring on Dec 16, 2008. Recovery took 772 trading sessions.
The current PIMCO High Yield Municipal Bond Fund drawdown is 3.50%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -35.54% | May 15, 2007 | 401 | Dec 16, 2008 | 772 | Jan 10, 2012 | 1173 |
| -18.75% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -14.58% | Mar 2, 2020 | 15 | Mar 20, 2020 | 179 | Dec 3, 2020 | 194 |
| -10.36% | May 23, 2013 | 69 | Aug 29, 2013 | 187 | May 29, 2014 | 256 |
| -7.15% | Sep 2, 2016 | 63 | Dec 1, 2016 | 123 | May 31, 2017 | 186 |
Volatility
Volatility Chart
The current PIMCO High Yield Municipal Bond Fund volatility is 2.97%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.